Rise of Serviced Office and Co-Working Spaces in Lagos

I remember when JLL West Africa Corporate Solution, was starting operations formally in Nigeria, one of the first tasks was to find an office space for the team. There were a number of options available, but the most suitable options for us given our size and the urgency of our need, were serviced office spaces. These office spaces provided more than the basic commercial real estate services space such as power and building maintenance. They offered fully furnished office suites, shared receptionists, basic office equipment and other amenities that allowed for a plug and play solution. This is the key advantage of the serviced office solution in Nigeria – an easy hassle free solution for multi-national companies seeking a quick and easy start to operations.

A second advantage of the service office solution is the flexibility it provides. Tenants can pay monthly for space, versus the 1 to 2 years upfront rent that typical office solutions in Nigeria demand (although this is changing for Lagos Island offices where landlords are beginning to consider quarterly payment options). Tenants can also make changes to their space and furniture needs with some level of ease, depending on the availability of space in their building. They can obtain additional offices and work stations with relative ease in serviced offices. No need to hire a fit-out contractor, or negotiate with office furniture suppliers who may not have adequate stock. Flexible access to meeting rooms is another benefit. Multinationals can easily rent rooms for client meetings and conferences, without having to invest in such spaces within their own offices. This helps control costs to an extent.

The serviced office space market is however used as temporary office solutions – “temporary” because they are more expensive than the typical office lease option. Tenants pay a higher fee in order not to invest in long term capital intensive items such as fit outs, furniture, technology installments for wi-fi or phone, faxes, printers etc. As part of their fee package, tenants also obtain administrative staff function and security. Operating a corporate space can sometimes be a burden and might require additional administrative staff whose sole function would be to manage the office space. When this function is outsourced completely, it leaves companies free to focus on their core business.

The demand for serviced office space is increasing in Nigeria and the West African region as more and more new entrants wish to spend their early days focusing on their core business. In response to the growing demand, we are seeing more serviced office space players enter the market. In Nigeria, Regus and Landmark were initially the only companies that offered these spaces. That was three to four years ago. We now see new, smaller entrants to this market, most notably Canton Concourse and Venia Hub. These new players have fewer numbers of properties and are targeting SMEs and local startups where the need exists but the budgets are smaller.

A new option for SME’s that now exists in the Nigerian market are co-working spaces which allows a small business to rent a space often, a desk or two, month to month on a non- permanent basis. This is certainly cost effective for these young companies who are still trying to get off the ground and need to reinvest as much of their resources as possible into their business.

A trend has emerged for the co-working space players in Lagos; they often attract a particular group of tenants who are in similar industries and form these communities. They form symbiotic relationships and help each other grow. These co-working players, particularly the CC Hub, Crea8 Space and Idea Hub, have pivoted to full time idea incubation centers that give opportunities, resources and training to future startups. They even provide funding to the viable start ups that are born in their hubs. The successes of these local groups have made Lagos an even more attractive market to international players in the space. Companies like the NEST group are now actively looking to open up in Nigeria.

Serviced office spaces, co-working space and incubation hubs, are changing the landscape of corporate real estate in Nigeria. The changes that we have seen in the past two years since we moved to our serviced office space will pale in comparison to what we should see in the next three to five years.

About the Author

Chinwe is based in Lagos, Nigeria and is responsible for the delivery of a full spectrum of real estate services across West Africa. She has over 14 years experience and was previously head of the JLL French International Desk. She holds a Masters in Business Administration from Harvard Business School.

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In December of 2017, Donald Trump made history by recognizing Jerusalem as the capital of Israel. Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible.

Jewish Rabbis have publicly announced that their Messiah will be revealed in the coming years who will be a leader and spiritual guide to all nations, gathering all religions under the worship of one God.

Biblical prophecy tells us that this Jewish Messiah who will take the stage will be the antichrist “who opposes and exalts himself above all that is called God or that is worshiped, so that he sits as God in the temple of God, showing himself that he is God” (2 Thessalonians 2:4). For a time he will bring about a false peace, but “Therefore when you see the ‘abomination of desolation,’ spoken of by Daniel the prophet, standing in the holy place (Matthew 24:15)…then there will be great tribulation, such as has not been since the beginning of the world until this time, no, nor ever shall be” (Matthew 24:21).

More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them. This chip matches perfectly with the Mark of the Beast in the Bible, more specifically in Revelation 13:16-18:

“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.”

Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards. Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency. This Mark couldn’t be spiritual because the word references two different physical locations. If it was spiritual it would just say in the forehead. RFID microchip implant technology will be the future of a one world cashless society containing digital currency. It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it. Revelation 13:11-18 tells us that a false prophet will arise on the world scene doing miracles before men, deceiving them to receive this Mark. Do not be deceived! We must grow strong in Jesus. AT ALL COSTS, DO NOT TAKE IT!

“Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

People have been saying the end is coming for many years, but we needed two key things. One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast.

If you haven’t already, it is time to seek God with all your heart. Jesus loves you more than you could imagine. He wants to have a relationship with you and redeem you from your sins. Turn to Him and repent while there is still hope! This is forever…God bless!

“EITHER HUMAN INTELLIGENCE ULTIMATELY OWES ITS ORIGIN TO MINDLESS MATTER OR THERE IS A CREATOR…” – JOHN LENNOX

We all know God exists. Why? Because without Him, we couldn’t prove anything at all. Do we live our lives as if we cannot know anything? No. So why is God necessary? In order to know anything for certain, you would have to know everything, or have revelation from somebody who does. Who is capable of knowing everything? God. So to know anything, you would have to be God, or know God.

A worldview without God cannot account for the uniformity and intelligibility of nature. And why is it that we can even reason that God is the best explanation for this if there is no God? We are given reason to know or reject God, but never to know that He does not exist.

It has been calculated by Roger Penrose that the odds of the initial conditions for the big bang to produce the universe that we see to be a number so big, that we could put a zero on every particle in the universe, and even that would not be enough to use every zero. What are the odds that God created the universe? Odds are no such thing. Who of you would gamble your life on one coin flip?

Is there evidence that the Bible is the truth? Yes. Did you know that the creation accounts listed in the book of Genesis are not only all correct, but are also in the correct chronological order? That the Bible doesn’t say the Earth was formed in six 24-hour days but rather six long but finite periods of time? That the Bible makes 10 times more creation claims than all major “holy” books combined with no contradictions, while these other books have errors in them? The Bible stood alone by concurring with the big bang saying, “In the beginning God created the heaven and the earth” (Genesis 1:1); and says our universe is expanding, thousands of years before scientists discovered these things. Watch a potential life-changing video on the website listed below with Astronomer(PhD) Hugh Ross explaining all these facts based on published scientific data. He has authored many books, backed even by atheist scientists.

Jesus came to pay a debt that we could not; to be our legal justifier to reconcile us back to a Holy God; only if we are willing to receive Him: “For the wages of sin is death…” (Romans 6:23).

God so loved the world that He gave us His only begotten son, so that whoever believes in Him, through faith, shall not perish, but have everlasting life. Jesus says if we wish to enter into life to keep the commands! The two greatest commands are to love God with all your heart, soul, strength, and mind; and your neighbor as yourself. All the law hang on these commands. We must be born of and lead by the Holy Spirit, to be called children of God, to inherit the kingdom. If we are willing to humble ourselves in prayer to Jesus, to confess and forsake our sins, He is willing to give the Holy Spirit to those who keep asking of Him; giving us a new heart, leading us into all truth!

Jesus came to free us from the bondage of sin. The everlasting fire was prepared for the devil and his angels due to disobedience to God’s law. If we do the same, what makes us any different than the devil? Jesus says unless we repent, we shall perish. For sin is the transgression of the law. We must walk in the Spirit so we may not fulfill the lusts of the flesh, being hatred, fornication, drunkenness and the like. Whoever practices such things will not inherit the kingdom (Galatians 5:16-26). If we sin, we may come before Jesus to ask for forgiveness (1 John 2:1-2). Evil thoughts are not sins, but rather temptations. It is not until these thoughts conceive and give birth by our own desires that they become sin (James 1:12-15). When we sin, we become in the likeness of the devil’s image, for he who sins is of the devil (1 John 3:8); but if we obey Jesus, in the image of God. For without holiness, we shall not see the Lord (Hebrews 12:14).

The oldest religion in the world is holiness through faith (James 1:27). What religion did Adam and Eve follow before the fall? Jesus, Who became the last Adam, what religion does He follow? Is He not holy? He never told us to follow the rituals and traditions of man but to take up our cross and follow Him (Luke 9:23). There are many false doctrines being taught leading people astray. This is why we need the Holy Spirit for discernment. Unlike religion, holiness cannot be created. It is given to us from above by the baptism of the Spirit. Jesus is more than a religion; He is about having a personal relationship with the Father. Start by reading the Gospel of Matthew, to hear the words of God, to know His character and commandments. Follow and obey Jesus, for He is the way, the truth, and the life!

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